Jiayin Group Inc. Announces At-the-Market Offering of Class A Ordinary Shares Represented by American Depositary Shares
June 10 2021 - 5:15PM
Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a
leading fintech platform in China, announced today that it has
filed a prospectus supplement with the U.S. Securities and Exchange
Commission (“SEC”), under which it may offer and sell an aggregate
of up to US$30 million of its Class A ordinary shares, $0.000000005
par value per share, which may be represented by American
Depositary Shares (“ADSs”), each of which represents four Class A
ordinary shares, from time to time through an at-the-market equity
offering program (“ATM Offering”).
The Company intends to use the net proceeds from
the ATM Offering to continuously grow its business in both overseas
and the mainland China markets, including conducting strategic
acquisitions to strengthen our technologies, particularly big data
analytics and risk management capabilities. The Company may also
use a portion of the net proceeds for other general corporate
purposes. The Company is not obligated to sell any ADSs under the
ATM Offering. The timing of any sales will depend on a variety of
factors to be determined by Jiayin.
The ADSs will be offered and sold through Roth
Capital Partners, LLC as sales agent. Sales may be made at market
prices prevailing at the time of the sale, at prices related to
prevailing market prices or at negotiated prices. As a result,
sales prices may vary. The ATM Offering shall be carried out by
means of ordinary broker transactions, in negotiated arrangements
at market prices or as otherwise agreed with the sales agent.
The ADSs will be offered under the Company’s
shelf registration statement on Form F-3, which was filed on May 7,
2021 and became effective on May 26, 2021. Prospective investors
should read the prospectus, the prospectus supplement and other
documents the Company has filed with the SEC (some of which are
incorporated by reference into the prospectus and prospectus
supplement) for more complete information about the Company and the
ATM Offering. Copies of the prospectus supplement and accompanying
prospectus relating to the ATM Offering may be obtained without
charge by visiting the SEC's website at www.sec.gov or by
contacting Roth Capital Partners, LLC at 888 San Clemente Newport
Beach, CA 92660, by email: RothECM@roth.com.
This press release is for informational purposes
only and is not an offer to sell or a solicitation of an offer to
buy any securities, which is made only by means of a prospectus
supplement and related prospectus. There will be no sale of these
securities in any jurisdiction in which such an offer, solicitation
of an offer to buy or sale would be unlawful.
About Jiayin Group Inc.
Jiayin Group Inc. is a leading fintech platform
in China committed to facilitating effective, transparent, secure
and fast connections between underserved individual borrowers and
financial institutions. The origin of the business of the Company
can be traced back to 2011. The Company operates a highly secure
and open platform with a comprehensive risk management system and a
proprietary and effective risk assessment model which employs
advanced big data analytics and sophisticated algorithms to
accurately assess the risk profiles of potential borrowers.
Safe Harbor/Forward-Looking
Statements
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates” and similar
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the SEC, in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about the Company’s beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties and are based
on current expectations, assumptions, estimates and projections
about the Company and the industry. Potential risks and
uncertainties include, but are not limited to, those relating to
the Company’s ability to retain existing investors and borrowers
and attract new investors and borrowers in an effective and
cost-efficient way, the Company’s ability to increase the
investment volume and loan origination of loans volume facilitated
through its marketplace, effectiveness of the Company’s credit
assessment model and risk management system, PRC laws and
regulations relating to the online individual finance industry in
China, general economic conditions in China, and the Company’s
ability to meet the standards necessary to maintain listing of its
ADSs on the Nasdaq Stock Market or other stock exchange, including
its ability to cure any non-compliance with the continued listing
criteria of the Nasdaq Stock Market. All information provided in
this press release is as of the date hereof, and the Company
undertakes no obligation to update any forward-looking statements
to reflect subsequent occurring events or circumstances, or changes
in its expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that its expectations will turn out to be correct, and investors
are cautioned that actual results may differ materially from the
anticipated results. Further information regarding risks and
uncertainties faced by the Company is included in the Company’s
filings with the U.S. Securities and Exchange Commission, including
its annual report on Form 20-F.
For more information, please
contact:
In China:Jiayin
GroupMs. Shelley BaiEmail: ir@jiayinfintech.cn
or
The Blueshirt GroupMs. Susie
WangEmail: susie@blueshirtgroup.com
In the U.S.:Ms. Julia
QianEmail: julia@blueshirtgroup.com
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